Risk assessment features in public sector performance audit
LTReikšminiai žodžiai: Veiklos auditas, rizikos vertinimas, aukščiausios audito institucijos, viešasis sektorius. Keywords: Performance audit, risk assessment, supreme audit institutions, public sector.
ENThis paper discusses practices for using risk assessment in performance audit the challenges and opportunities of Supreme Audit Institution (SAI). Performance audits take a very important place in public sector as parliamentary oversight and governance instrument, delivers new information, insights and recommendations for improvement and modernization of public sector management based on audit findings. Audit risk and risk management assessment allows organizations to improve the efficiency and continuity of their activities, to manage new risks, like human capital risks more effectively. EUROSAI surveys results showed that a risk assessment is related to the whole audit process, from the drafting of the audit report to the use of the follow-up results. The purpose of this article is to investigate the theoretical assumptions of performance audit risk assessment, their expression through the review and application of standards. Performance audit analysis based on SAI of Lithuania activity plans, reports, and expert assessment. 2021 performance audits respond to the institution's chosen priorities: economic stimulus measures, evidence-based management and a safe environment and a healthy society. The findings of the study may be useful in view of growing role and importance of performance auditing and its positive impact on the public sector in Lithuania. [From the publication]
